Last week, the cryptocurrency market created another high with blue-chip cryptocurrencies like Ripple. XRP continued its vertical momentum starting on 10 November. Since the breakout, XRP has increased by over 180%, reaching nearly a four-year high.
Meanwhile, DTX Exchange (DTX) has attracted large players as its user base rapidly increases. According to experts, DTX Exchange is fully prepared to lead the DeFi market with its unique positioning and high growth fundamentals.
Ripple Eyes Breakout Above 2021 High: Will It Keep The Momentum?
Looking at the XRP chart history, the current spike is the third one after 2017 and 2021. In April 2021, Ripple created a high of $1.966, and the current breakout has created a high of $1.63. If Ripple continues the momentum for a week or two, it can probably break out of the 2021 resistance. $1.8 and $2 are the next two major resistances that can hinder the XRP price going forward.
XRP’s price experienced an increase of 42% over the last week, during which the investors showed strong interest after it broke out of consolidation. The purchase of approximately $526 million worth of the token by XRP Whales indicates that it may experience another appreciable price increase. The anticipation of updates in the SEC vs. XRP lawsuit has also triggered excitement, with the opinion of many market observers being that the future development of the cryptocurrency sector may be promising.
Ripple Labs Inc. has sped up the testing of RLUSD, its stablecoin aimed at the US dollar, on its mainnet. The Ripple Stablecoin Tracker suggests that the company recently minted 10,500,000 RLUSD by the token. Ripple has been testing its stablecoins for months, and executives have been assessing their likely impact on the ecosystem. An important player in the payments field has already been Ripple Labs, and the RLUSD launch may be the steering force behind its stronger position in the market.
DTX Exchange (DTX): The Ultimate Trading Platform For Diverse Assets
DTX Exchange is revolutionizing the trading industry with innovative hybrid technology in its solid DeFi product. The hybrid protocol makes accessing different assets in one place easier for investors who want to diversify their portfolios. DTX Exchange offers 120,000+ instruments in over 12,000 assets such as stocks, crypto, forex, ETFs, RWAs, etc.
DTX Exchange is specifically designed to cater to traders. Its features, such as 1,000X leverage and advanced tools like algorithmic trading, can maximize traders’ profits in bullish market situations like the one we are currently experiencing.
User control has also been enhanced in the ecosystem with the launch of the Phoenix wallet, a highly secure, non-custodial wallet that saves assets from hacks and thefts. This wallet smooths transactions and provides instant withdrawals. SolidProof, a crypto auditing company, has audited DTX Exchange, completing its KYC and increasing investor confidence in the project.
DTX Exchange’s unique structure and cutting-edge features have made it the one-stop solution for traders. These developments in the DTX ecosystem have grabbed the attention of experts supporting it in its presale. DTX Exchange’s token presale is currently in the fifth stage, with tokens priced at $0.1. Investors looking to enter the bull market should prioritize DTX Exchange due to its strong growth prospects.
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